Did you know? Getting prequalified is different than getting pre-approved for a loan. π‘π Pre-qualification is just the first step, giving you an estimate of what you might borrow. Pre-approval, however, means a lender has thoroughly checked your financials and committed to lending you up to a specified amount. Always aim for pre-approval to strengthen your offer and show sellers that you are a serious buyer! πΌπ
Β
Pre-approval vs. Pre-qualified
Β